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Gold/Mining/Energy : Pure Gold Minerals (PUG)-TSE -- Ignore unavailable to you. Want to Upgrade?

To: JKNF who wrote (834)	10/21/1998 5:50:00 PM
From: Famularo	Read Replies (2) \| Respond to of 1030

=================================================================== Canadian Corporate News --- Hot Off The Wire News Release for PURE GOLD MINERALS INC. =================================================================== ------------------------------------------------------------------- E*TRADE Canada introduces another exclusive! Pay NO COMMISSIONS on over 600 mutual funds For more information visit us at: www2.cdn-news.com ------------------------------------------------------------------- NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: PURE GOLD MINERALS INC. TSE SYMBOL: PUG OCTOBER 21, 1998 Pure Gold Minerals: $500,000 Private Placement 2,000,000 Flow Through Shares VANCOUVER, BRITISH COLUMBIA--Pure Gold Minerals Inc. (TSE-PUG) announces a private placement of 2,000,000 flow-through Common Shares at a price of $0.25 per Common Share to arm's length investors. No warrants will be issued in conjunction with the private placement, and no commission is payable in connection with the private placement. The private placement is subject to the approval of The Toronto Stock Exchange. The private placement funds would enable Pure Gold to fund the existing 1998 budget for the Northwest Territories and Alberta exploration programs. With reference to the News Release dated October 20, 1998, it is advised that the interest Pure Gold can earn on the Reclamation Management Northwest Territories ZL claims would be as follows: For the initial 10 percent, a total expenditure of $300,000. To earn an additional 10 percent Pure Gold would need to spend an additional $450,000 on exploration expenditures. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Pure Gold Minerals Inc. Donald R. Sheldon President (604) 682-1240 1-800-667-1660 or Pure Gold Minerals Inc. Carina Bittel Shareholder Information (604) 682-1240 1-800-667-1660